China Begins for Privately Funded HSR

China began construction of its first high-speed railway network line under a private-public partnership, officials reported on Saturday.

China Begins for Privately Funded HSR
December 26, 2016 9:19 am

The 269 km line will connect Hangzhou and Taizhou, in the eastern province of Zhejiang, among China’s most prosperous provinces and one where the private sector is flourishing, Efe news reported.

Fifty-one per cent of the total investment of 44.9 billion yuan ($6.46 billion) is financed by the private sector, which also reflects Beijing’s plans to reduce the state’s presence from economic activity. According to Xinhua news agency, the investors include financial conglomerate Fosun, automobile manufacturers Geely and Wanfeng Auto, who will have a 30-year franchise period, which includes the four years the construction is expected to last.

Local governments will subsidize the project for smooth operation, and will take up ownership of the high speed rail at the completion of this period. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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